Dad’s still good value

BRETT Frizelle, who’s holding the steering wheel at the James Frizelle’s Automotive Group, has enjoyed a spot of fatherly largesse that coincides with the sale of a controlling stake in the Frizelle business.

The former Audi showroom on Marine Pde, Southport, has been transferred by dad James to a Brett company in a transaction that values the 4161sq m site at $10.3 million.

Last month Sydney’s Peter Warren group and Quadrant Private Equity bought a majority stake in James Frizelle’s.